ING piece on the US Treasury report on currency manipulatioin which has been delayed.
- US Treasury publishes its report to Congress twice a year
- policies of key trading partners are examined
- aim is to identify countries that artificially manipulate their currencies to gain a competitive advantage to the detriment of the US
In order to labelled a manipulator, the Treasury requires three criteria be met,while countries that only meet two criteria are put in a "monitoring list".
- For background on the three criteria the Treasury use, I posted this
ING say China may might be labelled despite not meeting the criteria. Here is the piece for more
